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Canadian businessman Kevin O’Leary has a plan to invest in mining company stocks.in a interview Mr. Wonderful shares with Anthony Pompliano the story of his recent search for ways to invest in Bitcoin in the Middle East (bitcoin) mining. Investors in the Middle East are looking into “sovereign mining operations,” according to Shark Tank tycoon.
O’Leary also predicts that in the next 2-3 years, sovereign funds may decide to invest in Bitcoin mining. However, the businessman noted that the funds will select mining companies that use sustainable energy.because Disputes related to the environment, according to the Canadian entrepreneur, the eco-friendliness of mining operations is a key determinant for investors.
The businessman also expressed interest in opening his own mining operation. But, he explained, he was thinking about a few things before this happened. In addition to government approval, people living in the community where the mining operation is located must approve the business, he said.
In addition to this, the entrepreneur explained that Bitcoin mining companies must be able to track their BTC earnings on the company’s balance sheet. This enables investors to buy mining company shares and own BTC through equity. O’Leary noted that he will invest in BTC through this process.
related: Kevin O’Leary-backed WonderFi buys Bitbuy parent company for $162 million
Back in December, O’Leary also shared his thoughts on crypto investing with the public.in a Cointelegraph Exclusive Interview, the businessman explained that investing in cryptocurrencies is similar to investing in Google and Microsoft.
“If you’re investing in, say, Google or Microsoft, what are you investing in? You’re investing in software. Why aren’t you investing in cryptocurrencies? It’s software too,” he said.
Meanwhile, the former BTC critic is also very excited about the potential of non-fungible tokens (NFTs). O’Leary bets on NFTs become bigger than bitcoin. However, he noted that he will be investing in both.
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